[HIGHLIGHT] Sri Mulyani’s Remarks at The 2017 Human Capital Summit

Ministry of Finance, Sri Mulyani Indrawati, became one of the speakers in The 2017 Human Capital Summit: Committing to Action that Drives Economic Growth last October (13/10). Human Capital Summit is a World Bank’s Annual Meetings Flagship event, where world leaders will commit to taking bold actions and investing in people to drive economic growth. At this event, Sri Mulyani shared a powerful opening remarks on women’s participation in economic growth. Find the key takeaways below.

Break gender bias at work through quality!- Although as the first Indonesian female Finance Minister she has never experienced any rejection or negative reaction, Sri Mulyani believed that the most effective way to tackle it is by letting your work qualities outshine these.

The importance of women’s participation in economy is evident- The OECD revealed that women typically invest a higher proportion of their income in their families and communities. Hence, when we “invest” in women, we invest in economy at large.

A shift from theory to action points is needed- Sri Mulyani emphasized the urgent need of concrete actions towards gender equality issues in economy. To put into example, she shared that last year, her Ministry initiated a gender-responsive budget analysis (“Gender Responsive Budgeting) as a commitment to show their accountability towards women’s right and public transparency.

Sri Mulyani is an Indonesian economist who has been Minister of Finance of Indonesia since 2016; previously she served in the same post from 2005 to 2010. She was appointed as Managing Director of the World Bank Group in 2010. Sri Mulyani was largely credited with strengthening Indonesia’s economy, increasing investments and steering Southeast Asia’s largest economy through the 2007–10 financial crisis. In 2014, she was ranked as the 38th most powerful woman in the world by Forbes magazine.

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